Kotak Mahindra Bank Mumbai Area Business Manager Salaries by 10+ Employees (Updated 2025)

11 - 18 years exp.

₹11.3 Lakhs - ₹24.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

84% more than the average Area Business Manager Salary in Banking Companies for 11 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Business Manager Salary 11 - 14 years exp. (7 salaries)	₹13.7 L/yr - ₹22.5 L/yr
Customer Success, Service & Operations Area Business Manager Salary 14 years exp. (AmbitionBox Estimate)	₹15.6 L/yr - ₹23.5 L/yr
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Finance & Accounting Area Business Manager Salary 14 years exp. (AmbitionBox Estimate)	₹14.3 L/yr - ₹24.8 L/yr

Last Updated: 22 Feb 2025

Companies similar to Kotak Mahindra Bank for Area Business Manager in Mumbai

Kotak Mahindra Bank Area Business Manager Salary

11 - 18 years exp. (11 salaries)

₹11.3 L/yr - ₹24.8 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Area Business Manager Salary 4 - 17 years exp. (5 salaries)	₹9.1 L/yr - ₹17.2 L/yr 20% less
Cipla Area Business Manager Salary 6 - 16 years exp. (94 salaries)	₹4.5 L/yr - ₹11 L/yr 52% less	6 job openings
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Alkem Laboratories Area Business Manager Salary 4 - 15 years exp. (69 salaries)	₹4.2 L/yr - ₹9.6 L/yr 62% less
Samsung Area Business Manager Salary 5 - 15 years exp. (40 salaries)	₹14 L/yr - ₹34.3 L/yr 19% more	1 job opening
Abbott Area Business Manager Salary 10 - 19 years exp. (34 salaries)	₹7.1 L/yr - ₹20 L/yr 32% less	8 job openings

Area Business Manager salary at Kotak Mahindra Bank ranges between ₹11.3 Lakhs to ₹24.8 Lakhs per year for employees with experience between 11 years to 18 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Area Business Manager salaries in Mumbai

Last Updated: 22 Feb 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹14.9 L/yr - ₹19 L/yr
12 years (3 salaries)	₹17 L/yr - ₹22.5 L/yr
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13 years (AmbitionBox Estimate)	₹15.8 L/yr - ₹20.2 L/yr
14 years (3 salaries)	₹7.3 L/yr - ₹24.8 L/yr
15+ years (AmbitionBox Estimate)	₹17.8 L/yr - ₹22.7 L/yr

From

Area Business Manager

8 - 19 years exp.

Regional Sales Manager

12 - 19 years exp.

From

View 1 more level

Area Business Manager

8 - 19 years exp.

Senior Regional Business Manager

Salary unavailable

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.4k salaries)

₹1.65 L/yr - ₹8.2 L/yr

Branch Manager Salary

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₹10 L/yr - ₹30 L/yr

Sales Manager Salary

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₹1.8 L/yr - ₹10.7 L/yr

Area Sales Manager Salary

(35 salaries)

₹6.5 L/yr - ₹16.8 L/yr

Senior Sales Manager Salary

(13 salaries)

₹8.15 L/yr - ₹13.55 L/yr

Area Manager Salary

(8 salaries)

₹9 L/yr - ₹28.72 L/yr

Cluster Manager Salary

(6 salaries)

₹9 L/yr - ₹22.5 L/yr

Business Manager Salary

(5 salaries)

₹11.5 L/yr - ₹15.4 L/yr

Regional Manager Salary

(5 salaries)

₹7.5 L/yr - ₹25 L/yr

Territory Manager Salary

(4 salaries)

₹10 L/yr - ₹15 L/yr

Top skills at Kotak Mahindra Bank for Area Business Manager

Working Capital SME Finance Agri Finance Agribusiness SME Banking SME Sales SME Agribusiness SME term loan Supply Chain Finance OD Sample Development Working Capital Beverage

Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

Salary - Poor

+4 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Area Business Manager Salary FAQs

What is the salary of Area Business Manager at Kotak Mahindra Bank in Mumbai?

The average salary of a Area Business Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹11.3 Lakhs to ₹24.8 Lakhs per year, depending on experience (from 11 years to 18 years).

The top 10% of Area Business Manager in Mumbai at Kotak Mahindra Bank earn more than ₹24.0 Lakhs per year, and the top 1% earn over ₹24.8 Lakhs per year. Area Business Manager Salaries at Kotak Mahindra Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Area Business Manager at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Area Business Manager at Kotak Mahindra Bank in Mumbai typically ranges from ₹1,20,300 to ₹1,23,678 per month. This is based on the average salary range of ₹11.3 Lakhs to ₹24.8 Lakhs per year for employees with experience ranging from 11 years to 18 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Business Manager at Kotak Mahindra Bank in Mumbai?

To be a Area Business Manager at Kotak Mahindra Bank in Mumbai, the key skills required include:

- Working Capital
- SME Finance
- Agri Finance
- Agribusiness
- SME Banking

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra Bank for Area Business Manager in India?

Samsung

₹14.0 Lakhs to ₹34.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.

What is the salary of a Area Business Manager in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a Area Business Manager at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank	₹9.1 Lakhs to ₹17.2 Lakhs per year
Abbott	₹7.1 Lakhs to ₹20.0 Lakhs per year
Cipla	₹4.5 Lakhs to ₹11.0 Lakhs per year
Alkem Laboratories	₹4.2 Lakhs to ₹9.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Area Business Manager at Kotak Mahindra Bank in Mumbai?

The salary growth for a Area Business Manager at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Area Business Manager in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
11 years	₹14.9 Lakhs to ₹19.0 Lakhs per year
12 years	₹17.0 Lakhs to ₹22.5 Lakhs per year
13 years	₹15.8 Lakhs to ₹20.2 Lakhs per year
14 years	₹7.3 Lakhs to ₹24.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Area Business Manager Salaries in Mumbai

Kotak Mahindra Bank Area Business Manager salary in Mumbai ranges between ₹11.3 Lakhs to ₹24.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.